BOK chief defies rate cut calls amid sustained inflation

BOK chief defies rate cut calls amid sustained inflation

South Korean central bank chief on Tuesday defied calls for an interest rate cut this year despite growing risks of a recession in Asia’s four...

Lunit receives $1 mn in tech fees from Guardant Health of US

Lunit receives $1 mn in tech fees from Guardant Health of US

The US operations of South Korea's artificial intelligence (AI) medical company Lunit have received a major boost after the company got the green li...

S.Korea to establish voluntary carbon credit exchange

S.Korea to establish voluntary carbon credit exchange

South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...

S.Korea lags Taiwan in GNI per capita for first time since 2002

S.Korea lags Taiwan in GNI per capita for first time since 2002

South Korea’s gross national income (GNI) per capita dropped 7.7% on-year last year, coming in below that of its smaller rival Taiwan for the ...

Korean lawmakers mull higher chip tax credits, battery subsidies

Korean lawmakers mull higher chip tax credits, battery subsidies

South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...

US burger giant Five Guys set for June S.Korea debut

US burger giant Five Guys set for June S.Korea debut

Five Guys, one of the top three burger brands in the US, will open in June its first branch in South Korea in Seoul’s posh Gangnam District. W...

Concerned about CHIPS Act, Korea says US investment less attractive

Concerned about CHIPS Act, Korea says US investment less attractive

South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...

Apple Pay's S.Korea debut as early as third week in March

Apple Pay's S.Korea debut as early as third week in March

Apple Pay, the mobile payment service by iPhone maker, is set to launch in as early as two weeks in South Korea, home to the world’s largest s...

S.Korean inflation rises at slowest rate in 10 months in February

 S.Korean inflation rises at slowest rate in 10 months in February

South Korea’s headline inflation gain eased in February, rising at the slowest pace in 10 months on a drop in oil product prices but utility p...

LG Electronics wins US air conditioning award for 7th year

LG Electronics wins US air conditioning award for 7th year

LG Electronics Inc. said on Monday that it has won a performance award from the Air-Conditioning, Heating & Refrigeration Institute (AHRI), a US...

Samsung Bioepis launches ARMD biosimilar drug in Germany, Canada

Samsung Bioepis launches ARMD biosimilar drug in Germany, Canada

Samsung Bioepis Co., a South Korean biosimilar firm, announced on Sunday that it has recently launched a new biosimilar drug called SB11 for the tre...

Samsung SDI, GM to build $3.8 bn EV battery plant in US

Samsung SDI, GM to build $3.8 bn EV battery plant in US

Samsung SDI Co., the world’s No. 6 electric vehicle battery maker, is set to build a plant in the US with General Motors Co., spending about 5...

S.Korea’s HMM tops carbon efficiency ranking on key shipping route

S.Korea’s HMM tops carbon efficiency ranking on key shipping route

South Korea’s largest container line HMM Co. said on Thursday it had the lowest carbon emission intensity on East Asia–US West Coast rou...

Hyundai, Kia close in on Toyota with record US sales

Hyundai, Kia close in on Toyota with record US sales

Hyundai Motor Co. and Kia Corp., under South Korea’s Hyundai Motor Group, posted their largest-ever sales for February in the US, narrowing a ...

US CHIPS Act threatens Samsung, SK Hynix’s memory supremacy

US CHIPS Act threatens Samsung, SK Hynix’s memory supremacy

WASHINGTON D.C. – The Biden administration’s “Chips for America” program aims to keep China’s growing clout in the sem...

SK Ecoplant launches 4th plant in US

SK Ecoplant launches 4th plant in US

South Korea's environment-focused energy company SK Ecoplant Co. on Thursday said it added a base for recycling electrical and electronic waste and ...

Daewoong’s Nabota expands into Germany, Austria

Daewoong’s Nabota expands into Germany, Austria

South Korean drugmaker Daewoong Pharmaceutical Co. said on Tuesday it had launched its botulinum toxin product Nabota in Germany and Austria through i...

SK IE Technology mulls adding LiBS factory in US, says SKIET president

SK IE Technology mulls adding LiBS factory in US, says SKIET president

SK IE Technology Co. (SKIET), a global top lithium-ion battery separator (LiBS) player under South Korea’s energy and battery maker SK Innovat...

Lotte to produce clean ammonia in US with CF Industries

Lotte to produce clean ammonia in US with CF Industries

Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...

SK Signet lands EV charger contract in US

SK Signet lands EV charger contract in US

SK Signet Inc., an affiliate of South Korea's SK Group that makes and sells electric vehicle (EV) chargers, on Monday said it received its first ord...

SillaJen starts US trial of anti-cancer drug from Basilea

SillaJen starts US trial of anti-cancer drug from Basilea

SillaJen Inc. said on Monday it has enrolled the first patient in a US phase 1 trial of an anti-cancer drug BAL0891 licensed from Swiss drugmaker Ba...

Jetema applies to test its botulinum toxin in US from July

Jetema applies to test its botulinum toxin in US from July

South Korea's bio-esthetic pharmaceutical company Jetema Co. will hold clinical trials in the US to advance to the American market, the world's bigg...

Hyundai Steel's sustainability report wins gold prize in US

Hyundai Steel's sustainability report wins gold prize in US

South Korea's steelmaker Hyundai Steel announced Sunday that its integrated report 2022 Beyond Steel has been recognized for its excellence by a wor...

GM Korea begins mass production of Trax crossover

GM Korea begins mass production of Trax crossover

General Motors Korea announced on Sunday that it celebrated the start of mass production of the Chevrolet Trax Crossover, a new utility vehicle, at ...

Four Hyundai, Kia models win US IIHS top safety awards

Four Hyundai, Kia models win US IIHS top safety awards

Hyundai Motor Group’s four models earned the safest vehicle awards even with a tougher crash test by the Insurance Institute for Highway Safet...

US calls on 2 S.Korean pharmaceutical companies for swift end to legal battle

US calls on 2 S.Korean pharmaceutical companies for swift end to legal battle

Following its lawsuit against Daewoong Pharmaceutical, South Korea's Medytox Inc. is waging an all-out legal war against domestic counterpart Hugel ...

HYBE cries foul over SM, Kakao’s undisclosed deal

HYBE cries foul over SM, Kakao’s undisclosed deal

HYBE Co., the label behind the global sensation BTS, is considering legal action to invalidate an undisclosed deal between SM Entertainment Co. and ...

Hyundai Motor Group's 23 vehicle models win Editor's Choice Awards

Hyundai Motor Group's 23 vehicle models win Editor's Choice Awards

Hyundai Motor Group made an announcement on Thursday, saying that its major vehicles had been selected as the best models at the 2023 Editor's Choic...

BOK holds rates as it lowers growth, inflation forecasts

BOK holds rates as it lowers growth, inflation forecasts

South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation altho...

LG Electronics plans sales blitz on US market for induction ranges

LG Electronics plans sales blitz on US market for induction ranges

LG Electronics Inc. this year has launched an all-out sales offensive for induction ranges and cooktops in the US, the world's leading market for pr...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race